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Tustin adopts FY2025–26 budget and biannual financial plan, setting 20% general fund reserve
Summary
The council approved the FY2025–26 budget and related resolutions after staff presentations on a 10‑year fiscal sustainability strategy; the Year‑1 general fund revenue is projected at just over $101 million and the city set a 20% reserve target using $5.2 million of land sale proceeds.
City staff presented an abridged version of the biannual budget for FY2025–26 and FY2026–27 and a 10‑year fiscal sustainability plan intended to align recurring revenues with expenses. Assistant City Manager Nicole Bernard said the plan’s objectives are to increase recurring revenue (through development and property offerings), reduce ongoing expenses (including…
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